The Post Office is offering franchise opportunities for individuals interested in starting a business with a low investment. Due to the financial crisis caused by the COVID-19 pandemic, many large companies worldwide are laying off employees, making it difficult for people to find work abroad.
However, a major hurdle for starting a business is often the lack of capital. Fortunately, the Post Office offers a solution by providing franchises for as little as 5,000 rupees. With 1.55 lakh post offices in India, franchises can be established in areas without a post office, offering services such as money orders, stamp duty, and retail delivery.
To qualify for a franchise, applicants must have at least 200 square feet of space, be at least 18 years old, and have passed the 8th standard. They must also not have any family members working in the post office. Agent franchises require a higher investment, but can provide higher returns.
Franchisees can earn a commission of up to 5% on items such as postal stamps and stationery, and can also benefit from popular schemes such as small deposits. Overall, the Post Office has regained the public's trust and offers a viable business opportunity for those with limited capital.